Qualcomm Incorporated (Nasdaq: QCOM), a leader in providing wireless data solutions, today announced that Atlas Van Lines Incorporated, a nationwide interstate motor carrier and division of Atlas World Group, has signed a commercial agreement to deploy Qualcomm’s untethered trailer asset management solution. The agreement demonstrates the growing need of companies in the transportation and logistics industry to efficiently manage their assets. The terms of the agreement include the shipment, installation and on-air provisioning of 4,000 units by the end of calendar year 2005.

Starting this fall, Atlas will begin deployment of Qualcomm’s untethered trailer asset management solution, which will allow Atlas to pinpoint the location of each of its trailers at any time, while also giving customers near real-time information and peace of mind. Atlas expects
to make online tracking capabilities available to its customers once the solution has been implemented. Customers will be able to use the Web to track their possessions.

“Qualcomm’s untethered trailer asset management solution was the best choice for us when we began our search for a solution that would help us manage our trailers that transport high value cargo,” said James A. Stamm, president and COO, Atlas Van Lines Incorporated. “We needed a solution that provided us with improved security and an increased rate of trailer utilization that would integrate seamlessly into our back-end operations – and Qualcomm’s solution addressed our every need.”

“Qualcomm is pleased to be teaming up with Atlas Van Lines Incorporated,” said Chris Wolfe, president of Qualcomm Wireless Business Solutions. “We are looking forward to providing Atlas with a complete untethered asset management solution that will truly enable them to improve operational efficiencies, better manage their trailer fleet and provide their customers with the added benefit of knowing where their belongings are.”

Since 1989, Qualcomm has provided its tethered tracking system to more than 35,000 trailers within the NAFTA region. TrailerTRACS provides trailer ID, drop-and-hook notification, location, status and information when connected to an OmniTRACS® equipped tractor. The untethered trailer tracking system being developed will offer these same features plus a variety of other options, including door and cargo sensors, geofencing, over-the-air update capabilities and visibility of assets and loads whether or not a trailer is connected to a tractor.

Atlas is a $550 million company with more than 450 employees at its Evansville headquarters. More than 600 Atlas agents in the United States and Canada specialize in corporate employee relocation and in the carrier transport of high-value items such as electronics, fine art and new fixtures and furniture. Visit www.atlasworldgroup.com for more information.

Qualcomm is the industry’s global leader in providing high-value wireless data solutions with Network Operations Centers that process more than nine million transactions each day. Qualcomm has shipped more than 511,000 Qualcomm mobile systems to businesses in more than 39 countries on four continents.

Qualcomm Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on the Company’s CDMA digital technology. Headquartered in San Diego, Calif., Qualcomm is included in the S&P 500 Index and is a 2003 FORTUNE 500® company traded on The Nasdaq Stock Market® under the ticker symbol QCOM.

Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including the extent and speed to which TrailerTRACS products are deployed, change in economic conditions of the various markets the Company serves, as well as the other risks detailed from time to time in the Company’s SEC reports, including the report on Form 10-K for the year ended September 28, 2003, and most recent Form 10-Q.